[LIVE] Applied Development: Moving Beyond Highest and Best Use
Includes a Live Event on 02/05/2021 at 12:00 PM (EST)
Online: Live Course
Applied Development: The Myth of the Highest and Best Use
Many real estate developers, investors, and other landowners rely heavily on the concept of “the highest and best use” to determine what to do with a parcel of land. The reality, however, is that creating a development program – in other words determining the use or mix of uses –is a more complex process that requires a nuanced approach. By balancing the goals of the developer/investor with the specific factors influencing a piece of land, it is possible to create a unique and tailored development strategy. Through discussions of best practices and the analysis of case studies, this course will provide a look into the art and science of real estate development.
Upon completion of this course, students will be able to:
- Understand best practices in creating conceptual development plans
- Identify key factors for success and unique site features/opportunities
- Tie qualitative outcomes to sound financial strategy
- Effectively manage and lead the project team
- Analyze project alternatives and various scenarios
Prior to taking this course, you should have a basic understanding of real estate development, real estate finance, and pro forma analysis. If you would like to enhance your knowledge in any of these areas, please consider taking Introduction to the Real Estate Development Process, Introduction to Real Estate Finance and Investment, or Introduction to Pro Forma Excel Modeling
ULI Learning is provided by the Urban Land Institute.
- Beginner to Intermediate
Prior to taking this course, you should have a basic understanding of real estate development, real estate finance, and pro forma analysis. If you would like to enhance your knowledge in any of these areas, please consider taking Introduction to the Real Estate Development Process, Introduction to Real Estate Finance and Investment, or Introduction to Pro Forma Excel Modeling.
- Early to Mid-Career Real Estate Professionals
The course is eight hours long, delivered in four two-hour live modules.
Gazarian Real Estate Center, Craig School of Business
Arakel Arisian (AICP, LEEP AP) is a real estate developer and urban planner, with expertise in guiding projects through the various facets of real estate development process including design, entitlements, financial planning, construction and asset management. He is an advocate for his clients, developing best practices and maximizing the value of their real estate projects. As a firm believer that well-designed, high-quality projects have long term financial and qualitative benefits, he helps clients find the right balance between project cost, timing, and quality. Areas of specialization include large-scale master planning, development programming, and place making through mixed-use projects. He is an adjunct faculty member at the Craig School of Business at Fresno State, having taught finance, real estate, and economics.
- ULI Members: $395.00
- ULI Members (Government/NonProfit/Academic): $350.00
- Non-Members: $525.00